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July 07, 2006
NICE Completes Acquisition of IEX Corporation
RA'ANANA, Israel --(Business Wire)-- July 7, 2006 -- NICE Systems (News - Alert), the global provider of advanced solutions that enable organizations to extract Insight from Interactions today announced the completion of its acquisition of IEX Corporation, a provider of workforce management, strategic planning and performance management solutions for the contact center. The acquisition of IEX Corporation, originally announced on April 28th, 2006, was an all-cash transaction for $200 million.
The IEX and Performix acquisitions, the latter of which was completed on May 22nd, 2006, are part of NICE's strategic vision to provide a comprehensive range of solutions for all aspects of contact center business performance and analytics. The combination of solutions from NICE, IEX and Performix enables contact centers to gain the first holistic view of contact center performance, addressing stakeholders at all levels, and providing enterprise users with critical insights on strategic business issues.
NICE reiterates previous announced guidance where the acquisitions of IEX and Performix are expected to add $28 - $30 million to NICE's top-line in the second half of 2006. Pro forma EPS per diluted share is expected to increase by $0.05 - $0.06, post split.
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